The Amsterdam stock exchange reached a major milestone on Thursday as the AEX index broke through the 1,000-point mark shortly after markets opened, setting a new record high at 1,008 points.
The rally was driven largely by strong gains in technology stocks, particularly chip equipment makers such as ASML and Besi. These shares rose following positive results from major Taiwanese semiconductor firm TSMC, boosting investor...
BP mounted a defense of its underlying profits this week, even as headlines were dominated by a $5 billion writedown on green energy. The company stressed that the impairment charges are accounting adjustments and do not reflect the cash-generating power of the core business.
The writedowns, related to the cancellation of hydrogen projects and the devaluation of solar assets, are non-cash items. The company argued...
